Sixty-seven young South African entrepreneurs will have 67 seconds to pitch their start-up ideas during Nelson Mandela Day today.
Successful pitches will be give winners a six-month virtual business mentorship and funding to invest in growing their business idea or businesses, which are all no older than six months.
The Lean Jump is the name of the initiative and it's a pilot targeting young entrepreneurs based in Gauteng. It is the brainchild of SAB KickStart, The Hookup Dinner (THUD), an innovative entrepreneurship networking platform and Edge Growth, specialists in enterprise and supplier development.
It is aimed at expanding SAB KickStart's efforts to instill a culture of entrepreneurship among young South Africans.
After the mentorship, SAB KickStart will provide 10 successful candidates with an opportunity to participate in its youth entrepreneurship development competition.
Successful businesses will also stand a chance to get a share of R300,000 as seed capital.
Seed capital will be used to put the business concept into operation or towards additional support for marginal growth.